Page 284 - Economy

35% GST slab in the works? A look at GST bands and how they are decided

The Group of Ministers (GoM) on GST rate rationalisation has recommended to raise GST on select sinful goods. Here's how GST Council decides on different tax bands

India needs stronger partnerships in global economy: EAM Jaishankar

Jaishankar also stressed the importance of domestic development to strengthen India's credibility and attract international collaborations

MGNREGA work demand up 4% in November as farm sowing ends, shows data

According to some experts, the increase in demand may be attributed to workers returning to worksites after completing sowing activities on farms

Stymied by fierce competition, manufacturing PMI slips to 56.5 in Nov

The rate of expansion is second-weakest in 11 months, the figure stood at 56.5 in January

India's potential GDP growth is in range of 6.5-7%, says CEA Nageswaran

Economic Survey projected India's GDP to grow at 6.5-7 per cent in 2024-25, down from a high of 8.2 per cent in the preceding financial year

Coal India's total production up by 2% to 471 million tonnes in Apr-Nov

The company's production also rose by 1.7 per cent to 67.2 MT in November against 66 MT in the corresponding month a year ago, CIL said in a regulatory filing to BSE

Tweaks on cards for PM internship plan: Age, educational criteria may ease

Move may be aimed at attracting more applicants

Corporation tax paid by listed companies at 4-year low in Q2 FY25

Tax payment by listed companies was down 7 per cent year-on-year (Y-o-Y) in Q2FY25, their worst showing in the last four years and the first decline in corporate tax in seven quarters

GoM proposes fresh band: 35% GST slab likely for tobacco, aerated drinks

"The GoM on rate rationalisation has completed its report, which proposes major adjustments to tax rates on 148 items, with a particular focus on the textile industry"

Windfall tax on domestic oil, fuel exports scrapped with immediate effect

No major revenue impact, say experts

Govt to take steps for better GDP growth in H2FY25: DEA Secretary

The government is expected to push capital expenditure (capex), which has reached only 42 per cent of the full-year FY25 target by the end of October

Smallholder agriculture key to achieving Viksit Bharat goal by 2047: Mishra

Mishra emphasised the critical role of agricultural growth in poverty reduction, especially in rural areas

Govt aims to double Rajasthan's economy to Rs 30 trillion in five years: CM

Our government has set an ambitious target of doubling the state's economy from its current size of Rs 15 trillion to Rs 30 trillion in the next five years

Q2 GDP growth low but 2nd half numbers expected to be better: DEA secretary

The previous low level of GDP growth at 4.3 per cent was recorded in the third quarter (October-December 2022) of financial year 2022-23

Goyal calls for promoting sustainable consumption to cut carbon footprint

He said that people of the world would have to focus on consuming products which are environmentally sustainable

Commerce ministry reviewing India-US trade relations amid Trump statements

The official added that there are no irritants in the relations between the two countries that can lead to discriminatory tariffs against India

Base year for GDP calculation to be changed to FY23: Govt tells Parliament

Government informed Parliament that an advisory committee on national accounts statistics has been formed to identify new data sources and advise on the methodology for the revised series

Rs 200 cr of homebuyer's compensation recovered from realtors: MahaRERA

The real estate watchdog said it has issued 1,163 warrants for recovering Rs 705.62 crore across the state and has made developers cough up Rs 200.23 crore from 283 warrants involving 139 real estate

Govt targets 6.5-7% GDP growth in FY25 despite slowdown: EAS Ajay Seth

India's GDP recorded a 5.4% growth in the July-September quarter, its slowest in two years

Govt abolishes windfall tax on crude oil, ATF, petrol, and diesel exports

The govt has withdrawn the Road and Infrastructure Cess on petrol and diesel exports to ease financial pressure on the oil sector